The Entire State Is Considered A Declining Market
The San Francisco Chronicle reports from California. “A total of 343,220 single-family detached California homes closed escrow in February (seasonally adjusted), down 28.5 percent from 480,170 a year earlier, the California Association of Realtors said. Median sales price in the state was $409,240, down a stunning 26.2 percent from February 2007. In the Bay Area, the Realtors said sales were down 32.5 percent in February compared with a year ago. The median price was $706,880, a 5 percent drop compared to a year earlier.”
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Original Source: thehousingbubbleblog.com
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